New Delhi: For taxpayers, the final date for submitting Earnings Tax Returns (ITR) is July 31, 2022. So, if you happen to earn a taxable wage, you will want to file tax returns by final date to ensure you don’t face a penalty. For the previous month or so, the Earnings Tax Division is continually asking taxpayers to file ITR earlier than the deadline which is July 31, 2022.
The Earnings Tax Division has been sharing details about the variety of taxpayers who’ve already filed their ITRs, together with different info to encourage others who haven’t filed their returns to submit the paperwork as quickly as doable. (ALSO READ: ITR Submitting for monetary yr 2021-22: Submitting ITR with a number of Kind 16? Right here’s find out how to do it)
Over 4.09 crore ITRs filed until twenty eighth July, 2022 & greater than 36 lakh ITRs filed on twenty eighth July, 2022 itself.
The due date to file ITR for AY 2022-23 is thirty first July, 2022.
Please file your ITR now, if not filed as but. Keep away from late payment.
Pl go to: https://t.co/GYvO3n9wMf#ITR #FileNow pic.twitter.com/p0ABBuoZ6r
— Earnings Tax India (@IncomeTaxIndia) July 29, 2022
In a latest tweet, the Earnings Tax Division stated, “Over 4.09 crore ITRs filed until twenty eighth July, 2022 and greater than 36 lakh ITRs filed on twenty eighth July, 2022 itself.” The division additionally famous that the due date to file ITR for AY 2022-23 is thirty first July, 2022. (ALSO READ: ITR Submitting for monetary yr 2021-22: Is ITR submitting, July 31 a financial institution vacation? Know what it means)
“Please file your ITR now, if not filed as but. Keep away from late charges,” the Earnings Tax Division stated in its tweet. The message from the division appears to be the final reminder to the taxpayers who haven’t filed their tax returns but.
In the meantime, if taxpayers fail to file their returns by July 31 deadline, they must face a financial coverage. For taxpayers with a yearly earnings as much as Rs 5 lakh, the late payment is Rs 1,000. In case your annual earnings is greater than Rs. 5 lakh, the late payment is Rs. 5,000. You possibly can file the ITRs until December 31, 2022, to file your return.